Almost 30 Trillion Won Headed to Stock Market

So far this year, almost 30 trillion won has rushed into the stock market.
According to the Bank of Korea(BOK) on June 14, the total amount of money related to stock investment as of June 10 this year has reached 29.7 trillion won.
The overall money that has rushed to stock funds managed by investment trust companies amounted to 17.24 trillion won at an average intake of 3 trillion won per month, while mutual fund sales recorded 1.97 trillion won.
The money held in trust by banks mainly invested in the stock market has already grown to 6.59 trillion won in the past two months.
Clients depositing money to be used to invest in the stock market sharply rose by 3.9 trillion won compared to that of early this year.
An official at the BOK said that a huge amount of floating money has been rushing to the stock market in expectation of higher returns for investors due to current low interest rates.

Jangsoo Seo:jsbee@koongang.co.kr